This report offers a detailed analysis of the industry, with market size forecasts covering the next ten years. This report will also analyze factors that influence demand for military satellite, key market trends, and challenges encountered by industry participants.
The demand for military satellites is expected to be driven by increase in terrorist attacks, unconventional warfare, militancy. Despite changes in the dimensions of terrorism, navigation, and ISR, satellites are acting as effective tools to predict and curb terrorist attacks, simultaneously playing an important role in helping ground level combat operations.
The demand for satellite bandwidth is driven by military operations in remote locations globally, where network for conventional communication systems are difficult to set up. Additionally, satellite communication enables establishment of modern network-centric battleforce capabilities. In order to cut development cost and increase the coverage of their areas of interest, major militaries are now shifting their focus to commercial satellites for military intelligence and other functions.
- The global military satellite market is expected to grow at a CAGR of 3.08% over the forecast period.
- The market consists of three categories: ISR, Communication, and Navigation satellites. It is expected to be dominated by the ISR Satellites segment, followed by Communication and Navigation segments. The North American region is forecasted to dominate the sector with a share of 40.3%, followed by the European market, which is dominated by Russia and France. China and Japan account for major market shares in the Asia Pacific region.
- The Boeing Company
- Lockheed Martin Corporation
- Airbus Defence and Space
- Mitsubishi Electric Corporation
- Orbital ATK
- OHB SE
For more information about this report visit https://www.researchandmarkets.com/research/4vwjsj/the_global?w=4